Winnebago Industries, Inc. (NYSE:WGO) Receives $69.57 Average Target Price from Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGO) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $69.57.

A number of brokerages have recently commented on WGO. Truist Financial decreased their price objective on shares of Winnebago Industries from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Citigroup lifted their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Benchmark began coverage on shares of Winnebago Industries in a research report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Roth Mkm decreased their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, June 21st.

Winnebago Industries Trading Up 0.1 %

Shares of NYSE:WGO opened at $58.01 on Friday. Winnebago Industries has a 12 month low of $49.68 and a 12 month high of $75.42. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $56.23 and its 200 day simple moving average is $62.20. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 22.40 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The business had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. As a group, research analysts forecast that Winnebago Industries will post 4.19 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.34 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.36 annualized dividend and a dividend yield of 2.34%. Winnebago Industries’s payout ratio is presently 52.51%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the sale, the senior vice president now owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.75% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Winnebago Industries by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,239 shares of the construction company’s stock valued at $161,448,000 after purchasing an additional 44,987 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Winnebago Industries by 10.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after purchasing an additional 161,987 shares during the period. Pacer Advisors Inc. raised its position in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after buying an additional 463,257 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Winnebago Industries by 13.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock valued at $61,918,000 after buying an additional 138,327 shares in the last quarter. Finally, Broad Peak Investment Holdings Ltd. raised its position in shares of Winnebago Industries by 20.0% in the 1st quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock valued at $64,948,000 after buying an additional 146,000 shares in the last quarter.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.